Markets may soon rise
Last gasps to new highs likely
Ceiling is nearby

News not worth trading
Durable Goods non-mover
N.Z. dangerous

... in all seriousness, the likelihood of NZ moving interest rates tomorrow at 1700 is very unlikely (if they hike, it's a big buy, if they cut, it's a big sell), so there may be a lot of volatile action based on RBNZ's Bollard's comments, thin market price manipulation, or both... so the chance for a clear trade is slim. If you'd like more information on the trend, not much has changed today, so please read the signal from Tuesday the 28th.

Markets may soon rise
Last gasps to new highs likely
Ceiling is nearby

News not worth trading
Durable Goods non-mover
N.Z. dangerous

... in all seriousness, the likelihood of NZ moving interest rates tomorrow at 1700 is very unlikely (if they hike, it's a big buy, if they cut, it's a big sell), so there may be a lot of volatile action based on RBNZ's Bollard's comments, thin market price manipulation, or both... so the chance for a clear trade is slim. If you'd like more information on the trend, not much has changed today, so please read the signal from Tuesday the 28th.

I am new to FX. Why would I buy if interest rates go up. Isn't it more expensive as against buying when interest is low?

Click to expand...

Higher interest rates draws more demand for a currency. The more interest it pays to hold NZD, the more buyers there will be for it, especially if the hike is a surprise since it won't be priced in. Also, an interest rate hike could assure worried traders/investors that the worst is over.

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